0.3 overestimates iota, 0.2 is expected before the end of the year

$IOTA
IOTA Price Could Drop Below $0.30: Here's Why

IOTA's price is showing signs of a bearish trend, with several indicators pointing to a potential decline below $0.30:

1. Chart Patterns: A descending triangle is forming, with lower highs and $0.30 acting as critical support. Breaking this level could trigger further sell-offs.

2. Weak Momentum: RSI shows weak buying pressure, and trading volumes are declining, reflecting reduced investor interest.

3. Broader Market Influence: Crypto markets face headwinds from macroeconomic concerns, amplifying downside risks for smaller-cap coins like IOTA.

Traders should watch the $0.30 support and overall market trends closely.